Information returns

Any person engaged in a trade or business, including a corporation, partnership, individual, estate, and trust, who makes reportable transactions during the calendar year, must file information returns to report those transactions to the IRS. Persons required to file information returns to the IRS must also furnish statements to the other party to the transaction, such as recipients of income.

W-9 form

Request for Taxpayer Identification Number and Certification serves to provide third parties with identifying information about a taxpayer

Use this form to calculate the tax on a qualified lump-sum distribution using the 20% capital gains election, the 10-year tax option, or both.

8809 form

Application for Extension of Time to file Information Returns

Tax Return Information Form Guide

All individuals who conduct business in the form of a corporation, estate, partnership or trust and report on all transactions on an annual basis are required to fill out information returns to inform the IRS about these financial operations.

These returns are to be directed to all other involved parties. All applicants who have more than 250 returns can submit them electronically. Internal Revenue Code mandates all requirements concerning the informational tax return.

There are different types of the returns. We will investigate general, education, health insurance, transfers of stock and retirement reporting.

The health insurance part consists of premiums, payments under long-term care insurance, HSA, Archer MSA, or Medicare Advantage MSA distributions, and so on. Such forms are needed: 1099-H, 1099-SA, 1099-LTC, 1094-C, and 1095-B.

The transfer of stock section has two forms to submit: 3921 and 3922. An applicant has to file a retirement information return to inform about distributions from retirement or profit-sharing plans. Make use of Forms 1099-R and 5498.